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1-3 Filey St - 1-5 Filey Street & land next to Main Street 0.22 Acres of Commercial Land Offered at £325,000 in Nottingham NG6 8EJ
Executive Summary
The lot comprises the following: Three terrace houses set within the same row. (one vacant, two tenanted). A piece of land located to the front of the site which is currently operating as a car forecourt with a sales cabin. There is gated access between the land fronting Filey Street and the properties on Filey Street. There is also pedestrian access for 1, 3, 5 Filey Street. There is scope to increase the value once a scheme of works have been carried out, as well as the potential to achieve a higher rental income by bringing the rents in line with the current market rate.
Agent Note:
The lot is held on more than one title.
Property Facts
| Price | £325,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Auction Sale | Proposed Use | Unknown |
| Tenure | Freehold | Total Plot Size | 0.22 ac |
| No. Plots | 1 |
| Price | £325,000 |
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Tenure | Freehold |
| No. Plots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Unknown |
| Total Plot Size | 0.22 ac |
1 Plot Available
Plot
| Price | £325,000 | Total Plot Size | 0.22 ac |
| Price Per ac | £1,477,272.73 |
| Price | £325,000 |
| Price Per ac | £1,477,272.73 |
| Total Plot Size | 0.22 ac |
Three residential properties and a commercial piece of land being used as a car sales site Great position close to Bulwell Town centre Great investment opportunity & scope to increase the value.
Description
The property comprises a small portfolio of three residential dwellings at 1, 3 and 5 Filey Street, extending to approximately 123 sq m, 94 sq m and 92 sq m respectively, together with land to the south east side of Main Street. The houses provide a mix of two- and three-bedroom accommodation, with 1 Filey Street let at £650 pcm, 3 Filey Street let at £595 pcm, and 5 Filey Street currently vacant. The land element comprises a forecourt and cabin, producing a rent of £400 pcm. EPC ratings are D and E.
Presented by
1-3 Filey St - 1-5 Filey Street & land next to Main Street
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